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AirSculpt Technologies Reports Third Quarter Fiscal 2024 Results

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AirSculpt Technologies (NASDAQ:AIRS) reported Q3 2024 results with revenue of $42.5 million, representing a 9.1% decline from Q3 2023. The company posted a net loss of $6.0 million and Adjusted EBITDA of $4.7 million. Case volume decreased 4.3% to 3,277 cases. Despite challenges in the consumer environment, the company opened four new centers during the quarter. For the first nine months of 2024, revenue declined 4.8% to $141.2 million. The company affirmed its 2024 guidance with revenue expected between $183-189 million and Adjusted EBITDA between $23-28 million.

AirSculpt Technologies (NASDAQ:AIRS) ha riportato i risultati del terzo trimestre 2024 con un fatturato di 42,5 milioni di dollari, che rappresenta una diminuzione del 9,1% rispetto al terzo trimestre 2023. L'azienda ha registrato una perdita netta di 6,0 milioni di dollari e un EBITDA rettificato di 4,7 milioni di dollari. Il volume dei casi è diminuito del 4,3% a 3.277 casi. Nonostante le sfide nel mercato dei consumatori, l'azienda ha aperto quattro nuovi centri durante il trimestre. Nei primi nove mesi del 2024, il fatturato è diminuito del 4,8% a 141,2 milioni di dollari. L'azienda ha confermato le previsioni per il 2024, con un fatturato previsto tra 183-189 milioni di dollari e un EBITDA rettificato tra 23-28 milioni di dollari.

AirSculpt Technologies (NASDAQ:AIRS) reportó resultados del tercer trimestre de 2024 con ingresos de 42,5 millones de dólares, lo que representa una disminución del 9,1% en comparación con el tercer trimestre de 2023. La compañía registró una pérdida neta de 6,0 millones de dólares y un EBITDA ajustado de 4,7 millones de dólares. El volumen de casos disminuyó un 4,3% a 3.277 casos. A pesar de los desafíos en el entorno del consumidor, la compañía abrió cuatro nuevos centros durante el trimestre. Durante los primeros nueve meses de 2024, los ingresos disminuyeron un 4,8% a 141,2 millones de dólares. La empresa reafirmó su guía para 2024, con ingresos esperados entre 183-189 millones de dólares y EBITDA ajustado entre 23-28 millones de dólares.

AirSculpt Technologies (NASDAQ:AIRS)는 2024년 3분기 실적을 발표하며 4,250만 달러의 수익을 기록했으며, 이는 2023년 3분기 대비 9.1% 감소한 수치입니다. 회사는 600만 달러의 순손실과 470만 달러의 조정된 EBITDA를 나타냈습니다. 케이스 수는 4.3% 감소하여 3,277개 케이스로 집계되었습니다. 소비자 환경의 도전에도 불구하고, 회사는 분기 동안 4개의 새로운 센터를 열었습니다. 2024년 첫 9개월 동안, 수익은 1억 4,120만 달러로 4.8% 감소했습니다. 회사는 2024년에 대한 가이드를 확정하고 수익은 1억 8,300만-1억 8,900만 달러, 조정된 EBITDA는 2,300만-2,800만 달러로 예상하고 있습니다.

AirSculpt Technologies (NASDAQ:AIRS) a annoncé les résultats du troisième trimestre 2024 avec des revenus de 42,5 millions de dollars, représentant une baisse de 9,1 % par rapport au troisième trimestre 2023. La société a affiché une perte nette de 6,0 millions de dollars et un EBITDA ajusté de 4,7 millions de dollars. Le volume des cas a diminué de 4,3 % pour atteindre 3 277 cas. Malgré les défis dans l'environnement des consommateurs, la société a ouvert quatre nouveaux centres au cours du trimestre. Au cours des neuf premiers mois de 2024, le chiffre d'affaires a chuté de 4,8 % pour atteindre 141,2 millions de dollars. La société a confirmé ses prévisions pour 2024, anticipant un chiffre d'affaires compris entre 183-189 millions de dollars et un EBITDA ajusté compris entre 23-28 millions de dollars.

AirSculpt Technologies (NASDAQ:AIRS) meldete die Ergebnisse des dritten Quartals 2024 mit einem Umsatz von 42,5 Millionen Dollar, was einem Rückgang von 9,1% im Vergleich zum dritten Quartal 2023 entspricht. Das Unternehmen verzeichnete einen Nettoverlust von 6,0 Millionen Dollar und ein angepasstes EBITDA von 4,7 Millionen Dollar. Das Fallvolumen ging um 4,3% auf 3.277 Fälle zurück. Trotz der Herausforderungen im Verbrauchermarkt eröffnete das Unternehmen im Quartal vier neue Zentren. In den ersten neun Monaten des Jahres 2024 sank der Umsatz um 4,8% auf 141,2 Millionen Dollar. Das Unternehmen bestätigte seine Prognose für 2024 mit einem erwarteten Umsatz zwischen 183-189 Millionen Dollar und einem angepassten EBITDA zwischen 23-28 Millionen Dollar.

Positive
  • Four new center openings during Q3 2024
  • 2023 de novo centers performing above expectations
  • Maintained full-year revenue guidance of $183-189 million
Negative
  • Q3 revenue declined 9.1% year-over-year to $42.5 million
  • Net loss increased to $6.0 million from $1.7 million in Q3 2023
  • Adjusted EBITDA decreased to $4.7 million from $9.1 million year-over-year
  • Case volume declined 4.3% to 3,277 cases
  • Same center sales remain down

Insights

The Q3 results reveal concerning trends for AirSculpt Technologies. Revenue declined 9.1% to $42.5 million, with case volume dropping 4.3% year-over-year. The net loss widened significantly to $6.0 million from $1.7 million in the prior year, while Adjusted EBITDA fell by nearly half to $4.7 million.

The company's performance metrics show deteriorating fundamentals: declining same-center sales, weakening consumer demand and compressed margins. While management is expanding with four new centers, the core business struggles with conversion rates. The affirmed full-year guidance of $183-189 million in revenue and $23-28 million in Adjusted EBITDA suggests continued challenges ahead.

The 50% expected EBITDA to cash flow conversion ratio indicates potential cash flow pressures, important for funding the expansion strategy. Investors should monitor whether new center growth can offset the declining same-store performance.

Third Quarter Revenue of $42.5 million, Net Loss of $6.0 million and Adjusted EBITDA of $4.7 million

MIAMI BEACH, Fla., Nov. 08, 2024 (GLOBE NEWSWIRE) -- AirSculpt Technologies, Inc. (NASDAQ:AIRS)(“AirSculpt” or the “Company”), a national provider of premium body contouring procedures, today announced results for the third quarter and nine months ended September 30, 2024.

“Our revenue and Adjusted EBITDA for the quarter were in line with our expectations with the period including progress on our strategy despite continued challenges in the consumer environment,” said Dennis Dean, Interim Chief Executive Officer and Chief Financial Officer of AirSculpt Technologies, Inc. “We are pleased with our four new center openings during the quarter and our 2023 de novo class continues to surpass our expectations. While our same center sales remain down, we are focused on improving the conversion of leads to consults and cases and believe this, combined with our new center openings and our cost reduction efforts, has us on the right track to return to positive revenue growth while also improving our margins over time.”

Third Quarter 2024 Results

  • Case volume was 3,277 for the third quarter of 2024, representing a 4.3% decline from the fiscal year 2023 third quarter case volume of 3,426;
  • Revenue declined 9.1% to $42.5 million from $46.8 million in the fiscal 2023 third quarter;
  • Net loss for the quarter was $6.0 million compared to net loss of $1.7 million in the fiscal 2023 third quarter; and
  • Adjusted EBITDA was $4.7 million compared to $9.1 million for the fiscal 2023 third quarter.

First Nine Months 2024 Results

  • Case volume was 10,972, a decline of 2.5% from the first nine months of fiscal 2023 case volume of 11,252;
  • Revenue declined 4.8% to $141.2 million from $148.3 million in the first nine months of fiscal 2023;
  • Net loss was $3.2 million compared to net income of $0.1 million in the prior year period; and
  • Adjusted EBITDA was $18.9 million compared to $33.1 million for the prior year period.

2024 Outlook

The Company affirms the guidance provided on October 24, 2024 for revenue in the range of $183 million to $189 million as compared to its previous guidance provided with second quarter fiscal 2024 earnings of revenue in the range of $180 million to $190 million. The Company is also maintaining its full year 2024 adjusted EBITDA guidance as follows:

  • Adjusted EBITDA of approximately $23 to $28 million
  • Adjusted EBITDA to cash flow from operations conversion ratio of approximately 50% (1)
  • Five new centers to open in 2024

For additional information on forward-looking statements, see the section titled "Forward-Looking Statements" below.

(1) Calculated as cash flow from operating activities divided by Adjusted EBITDA.

Liquidity

As of September 30, 2024, the Company had $6.0 million in cash and cash equivalents and $5.0 million of borrowing capacity under its revolving credit facility. The Company generated $8.6 million in operating cash flow for the nine months ended September 30, 2024, compared to $19.1 million for the same period of 2023.

Conference Call Information

AirSculpt will hold a conference call today, November 8, 2024 at 8:00 am (Eastern Time). The conference call can be accessed by dialing 1-877-407-9716 (toll-free domestic) or 1-201-493-6779 (international) using the conference ID 13749064 or by visiting the link below to request a return call for instant telephone access to the event.

https://callme.viavid.com/viavid/?callme=true&passcode=13725116&h=true&info=company&r=true&B=6

The live webcast may be accessed via the investor relations section of the AirSculpt Technologies website at https://investors.airsculpt.com. A replay of the webcast will be available for approximately 90 days following the call.

To learn more about AirSculpt Technologies, please visit the Company's website at https://investors.airsculpt.com. AirSculpt Technologies uses its website as a channel of distribution for material Company information. Financial and other material information regarding AirSculpt Technologies is routinely posted on the Company's website and is readily accessible.

About AirSculpt

AirSculpt is a next-generation body contouring treatment designed to optimize both comfort and precision, available exclusively at AirSculpt offices. The minimally invasive procedure removes fat and tightens skin, while sculpting targeted areas of the body, allowing for quick healing with minimal bruising, tighter skin, and precise results.

Forward-Looking Statements

This press release contains forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements, which are subject to risks, uncertainties, and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies, and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. You are cautioned that there are important risks and uncertainties, many of which are beyond our control, that could cause our actual results, level of activity, performance, or achievements to differ materially from the projected results, level of activity, performance or achievements that are expressed or implied by such forward-looking statements. We qualify all of our forward-looking statements by these cautionary statements, including those factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K.

Our future results could be affected by a variety of other factors, including, but not limited to, failure to open and operate new centers in a timely and cost-effective manner; inability to open new centers due to rising interest rates and increased operating expenses due to rising inflation; increased competition in the weight loss and obesity solutions market, including as a result of the recent regulatory approval, increased market acceptance, availability and customer awareness of weight-loss drugs; shortages or quality control issues with third-party manufacturers or suppliers; competition for surgeons; litigation or medical malpractice claims; inability to protect the confidentiality of our proprietary information; changes in the laws governing the corporate practice of medicine or fee-splitting; changes in the regulatory, macroeconomic conditions, including inflation and the threat of recession, economic and other conditions of the states and jurisdictions where our facilities are located; and business disruption or other losses from war, pandemic, terrorist acts or political unrest.

The risk factors discussed in “Item 1A. Risk Factors” in our Annual Report on Form 10-K and in other filings we make from time to time with the U.S. Securities and Exchange Commission could cause our results to differ materially from those expressed in the forward-looking statements made in this press release.

There also may be other risks and uncertainties that are currently unknown to us or that we are unable to predict at this time.

Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Forward-looking statements represent our estimates and assumptions only as of the date they were made, which are inherently subject to change, and we are under no duty and we assume no obligation to update any of these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated after the date of this press release to conform our prior statements to actual results or revised expectations, except as required by law. Given these uncertainties, investors should not place undue reliance on these forward-looking statements.

Use of Non-GAAP Financial Measures

The Company reports financial results in accordance with generally accepted accounting principles in the United States (“GAAP”), however, the Company believes the evaluation of ongoing operating results may be enhanced by a presentation of Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income and Adjusted Net Income per Share, which are non-GAAP financial measures. Although the Company provides guidance for Adjusted EBITDA, it is not able to provide guidance for net income, the most directly comparable GAAP measure. Certain elements of the composition of net income, including equity-based compensation, are not predictable, making it impractical for us to provide guidance on net income or to reconcile our Adjusted EBITDA guidance to net income without unreasonable efforts. For the same reasons, the Company is unable to address the probable significance of the unavailable information regarding net income, which could be material to future results.

These non-GAAP financial measures are not intended to replace financial performance measures determined in accordance with GAAP. Rather, they are presented as supplemental measures of the Company's performance that management believes may enhance the evaluation of the Company's ongoing operating results. These non-GAAP financial measures are not presented in accordance with GAAP, and the Company’s computation of these non-GAAP financial measures may vary from similar measures used by other companies. These measures have limitations as an analytical tool and should not be considered in isolation or as a substitute or alternative to revenue, net income, operating income, cash flows from operating activities, total indebtedness or any other measures of operating performance, liquidity or indebtedness derived in accordance with GAAP.


AirSculpt Technologies, Inc. and Subsidiaries
Selected Consolidated Financial Data
(Dollars in thousands, except shares and per share amounts)
 
 Three Months Ended
September 30,
 Nine Months Ended
September 30,
  2024   2023   2024   2023 
Revenue$42,548  $46,793  $141,172  $148,309 
Operating expenses:       
Cost of service 17,766   18,175   54,635   56,144 
Selling, general and administrative(1) 25,495   25,030   75,525   76,805 
Depreciation and amortization 3,003   2,629   8,693   7,479 
Loss/(gain) on disposal of long-lived assets    4   4   (198)
Total operating expenses 46,264   45,838   138,857   140,230 
(Loss)/income from operations (3,716)  955   2,315   8,079 
Interest expense, net 1,591   1,836   4,638   5,462 
Pre-tax net (loss)/income (5,307)  (881)  (2,323)  2,617 
Income tax expense 733   786   894   2,522 
Net (loss)/income$(6,040) $(1,667) $(3,217) $95 
        
(Loss)/income per share of common stock       
Basic$(0.10) $(0.03) $(0.06) $0.00 
Diluted$(0.10) $(0.03) $(0.06) $0.00 
Weighted average shares outstanding       
Basic 57,650,923   56,785,087   57,543,678   56,661,903 
Diluted 57,650,923   56,785,087   57,543,678   58,329,685 


(1)During the first quarter of fiscal year 2024, the Company recorded a cumulative reversal of stock compensation expense of $10.4 million related to reassessing the probability of achieving the performance target on certain of the Company's performance-based stock units. For further discussion, see Note 6 to the condensed consolidated financial statements of the Company's Quarterly Report on Form 10-Q for the Quarterly Period ended September 30, 2024.


AirSculpt Technologies, Inc. and Subsidiaries
Selected Financial and Operating Data
(Dollars in thousands, except per case amounts)
 
 September 30,
2024
 December 31,
2023
Balance Sheet Data (at period end):   
Cash and cash equivalents$5,972  $10,262 
Total current assets 12,892   15,961 
Total assets$208,245  $204,019 
    
Current portion of long-term debt$3,719  $2,125 
Deferred revenue and patient deposits 2,343   1,463 
Total current liabilities 25,347   20,315 
Long-term debt, net 66,423   69,503 
Total liabilities$125,708  $120,027 
    
Total stockholders’ equity$82,537  $83,992 


 Three Months Ended
September 30,
 Nine Months Ended
September 30,
  2024   2023   2024   2023 
Cash Flow Data:       
Net cash provided by (used in):       
Operating activities$1,830  $635  $8,637  $19,090 
Investing activities (4,899)  (2,116)  (10,479)  (8,092)
Financing activities (825)  (10,638)  (2,448)  (11,954)


 Three Months Ended
September 30,
 Nine Months Ended
September 30,
  2024   2023   2024   2023 
Other Data:       
Number of facilities 31   27   31   27 
Number of total procedure rooms 65   57   65   57 
        
Cases 3,277   3,426   10,972   11,252 
Revenue per case$12,984  $13,658  $12,867  $13,181 
Adjusted EBITDA (1) (3)$4,666  $9,075  $18,871  $33,143 
Adjusted EBITDA margin (2) 11.0%  19.4%  13.4%  22.3%


(1) A reconciliation of this non-GAAP financial measure appears below.
(2) Defined as Adjusted EBITDA as a percentage of revenue.
(3) For the three months ended September 30, 2024 and 2023, pre-opening de novo and relocation costs were $0.7 million and $0.5 million, respectively. For the nine months ended September 30, 2024 and 2023, pre-opening de novo and relocation costs were $0.8 million and $3.3 million, respectively.


 Three Months Ended
September 30,
 Nine Months Ended
September 30,
  2024   2023   2024   2023 
Same-center Information(1):       
Cases 3,147   3,426   10,013   11,252 
Case growth (8.1) %   N/A   (11.0) %  N/A 
Revenue per case$12,949  $13,658  $12,805  $13,181 
Revenue per case growth (5.2) %   N/A   (2.9) %  N/A 
Number of facilities 27   27   27   27 
Number of total procedure rooms 57   57   57   57 


(1) For the three months ended September 30, 2024 and 2023, we define same-center case and revenue growth as the growth in each of our cases and revenue at facilities that were owned and operated during the three month period ended September 30, 2024 and 2023, respectively. At facilities that were not owned or operated for the entirety of the prior year period, the current year period has been pro-rated to reflect only growth experienced during the portion of the three months ended September 30, 2024 in which such facilities were owned and operated during the three months ended September 30, 2023. We define same-center facilities and procedure rooms based on if a facility was owned or operated as of September 30, 2023.
  
 For the nine months ended September 30, 2024 and 2023, we define same-center case and revenue growth as the growth in each of our cases and revenue at facilities that were owned and operated during the nine month period ended September 30, 2024 and 2023, respectively. At facilities that were not owned or operated for the entirety of the prior year period, the current year period has been pro-rated to reflect only growth experienced during the portion of the nine months ended September 30, 2024 in which such facilities were owned and operated during the nine months ended September 30, 2023. We define same-center facilities and procedure rooms based on if a facility was owned or operated as of September 30, 2023.


AirSculpt Technologies, Inc. and Subsidiaries

Reconciliation of Non-GAAP Financial Measures
(Dollars in thousands)

We report our financial results in accordance with GAAP, however, management believes the evaluation of our ongoing operating results may be enhanced by a presentation of Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income and Adjusted Net Income per Share, which are non-GAAP financial measures.

We define Adjusted EBITDA as net (loss)/income excluding depreciation and amortization, net interest expense, income tax expense, restructuring and related severance costs, loss/(gain) on disposal of long-lived assets, settlement costs for non-recurring litigation, and equity-based compensation.

We define Adjusted Net Income as net (loss)/income excluding restructuring and related severance costs, loss/(gain) on disposal of long-lived assets, settlement costs for non-recurring litigation, equity-based compensation and the tax effect of these adjustments.

We include Adjusted EBITDA and Adjusted Net Income because they are important measures on which our management assesses and believes investors should assess our operating performance. We consider Adjusted EBITDA and Adjusted Net Income each to be an important measure because they help illustrate underlying trends in our business and our historical operating performance on a more consistent basis. Adjusted EBITDA has limitations as an analytical tool including: (i) Adjusted EBITDA does not include results from equity-based compensation and (ii) Adjusted EBITDA does not reflect interest expense on our debt or the cash requirements necessary to service interest or principal payments. Adjusted Net Income has limitations as an analytical tool because it does not include results from equity-based compensation.

We define Adjusted EBITDA Margin as Adjusted EBITDA as a percentage of revenue. We define Adjusted Net Income per Share as Adjusted Net Income divided by weighted average basic and diluted shares. We included Adjusted EBITDA Margin and Adjusted Net Income per Share because they are important measures on which our management assesses and believes investors should assess our operating performance. We consider Adjusted EBITDA Margin and Adjusted Net Income per Share to be important measures because they help illustrate underlying trends in our business and our historical operating performance on a more consistent basis.

The following table reconciles Adjusted EBITDA and Adjusted EBITDA Margin to net (loss)/income, the most directly comparable GAAP financial measure:

 Three Months Ended
September 30,
 Nine Months Ended
September 30,
  2024   2023   2024   2023 
Net (loss)/income$(6,040) $(1,667) $(3,217) $95 
Plus      
Equity-based compensation(1) 3,430   4,492   1,522   13,483 
Restructuring and related severance costs 1,099   995   5,487   4,300 
Depreciation and amortization 3,003   2,629   8,693   7,479 
Loss/(gain) on disposal of long-lived assets    4   4   (198)
Litigation settlements(2) 850      850    
Interest expense, net 1,591   1,836   4,638   5,462 
Income tax expense 733   786   894   2,522 
Adjusted EBITDA$4,666  $9,075  $18,871  $33,143 
Adjusted EBITDA Margin 11.0%  19.4%  13.4%  22.3%


(1)As of the nine months ended September 30, 2024, this amount contains a cumulative reversal of stock compensation expense of $10.4 million related to reassessing the probability of achieving the performance target on certain of the Company's performance-based stock units. For further discussion, see Note 6 to the condensed consolidated financial statements of the Company's Quarterly Report on Form 10-Q for the Quarterly Period ended September 30, 2024.
(2)This amount relates to settlement costs for non-recurring litigation of $0.9 million for the three and nine months ended September 30, 2024. This amount is accrued in "Accrued and other current liabilities" as of September 30, 2024. See Note 9 to the condensed consolidated financial statements included in this Quarterly Report on Form 10-Q for further discussion.


For the three months ended September 30, 2024 and 2023, pre-opening de novo and relocation costs were $0.7 million and $0.5 million, respectively. For the six months ended September 30, 2024 and 2023, pre-opening de novo and relocation costs were $0.8 million and $3.3 million, respectively.

The following table reconciles Adjusted Net Income and Adjusted Net Income per Share to net income/(loss), the most directly comparable GAAP financial measure:

 Three Months Ended
September 30,
 Nine Months Ended
September 30,
  2024   2023   2024   2023 
Net (loss)/income$(6,040) $(1,667) $(3,217) $95 
Plus       
Equity-based compensation(1) 3,430   4,492   1,522   13,483 
Restructuring and related severance costs 1,099   995   5,487   4,300 
Loss/(gain) on disposal of long-lived assets    4   4   (198)
                
                
Litigation settlements(2) 850      850    
Tax effect of adjustments (717)  (751)  996   (2,079)
Adjusted net (loss)/income$(1,378) $3,073  $5,642  $15,601 
        
Adjusted net (loss)/income per share of common stock (3)       
Basic$(0.02) $0.05  $0.10  $0.28 
Diluted$(0.02) $0.05  $0.10  $0.27 
Weighted average shares outstanding       
Basic 57,650,923   56,785,087   57,543,678   56,661,903 
Diluted 57,650,923   58,954,829   58,289,022   58,329,685 


(1)During the first quarter of fiscal year 2024, the Company recorded a cumulative reversal of stock compensation expense of $10.4 million related to reassessing the probability of achieving the performance target on certain of the Company's performance-based stock units. For further discussion, see Note 6 to the condensed consolidated financial statements of the Company's Quarterly Report on Form 10-Q for the Quarterly Period ended September 30, 2024.
(2)This amount relates to settlement costs for non-recurring litigation of $0.9 million for the three and nine months ended September 30, 2024. This amount is accrued in "Accrued and other current liabilities" as of September 30, 2024. See Note 9 to the condensed consolidated financial statements included in this Quarterly Report on Form 10-Q for further discussion.
(3)Diluted Adjusted Net Income Per Share is computed by dividing adjusted net income by the weighted-average number of shares of common stock outstanding adjusted for the dilutive effect of all potential shares of common stock.


Investor Contact
Allison Malkin
ICR, Inc.
airsculpt@icrinc.com


FAQ

What was AirSculpt Technologies (AIRS) revenue in Q3 2024?

AirSculpt Technologies reported revenue of $42.5 million in Q3 2024, representing a 9.1% decline from $46.8 million in Q3 2023.

How many new centers did AirSculpt (AIRS) open in Q3 2024?

AirSculpt Technologies opened four new centers during Q3 2024.

What is AirSculpt's (AIRS) revenue guidance for full-year 2024?

AirSculpt Technologies affirmed its 2024 revenue guidance in the range of $183 million to $189 million.

What was AirSculpt's (AIRS) Q3 2024 case volume?

AirSculpt's case volume was 3,277 in Q3 2024, showing a 4.3% decline from 3,426 cases in Q3 2023.

AirSculpt Technologies, Inc.

NASDAQ:AIRS

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